The stock of PPL Corp (NYSE:PPL) is a huge mover today! About 870,962 shares traded hands. PPL Corp (NYSE:PPL) has declined 8.84% since April 25, 2016 and is downtrending. It has underperformed by 14.85% the S&P500.
The move comes after 7 months positive chart setup for the $23.51 billion company. It was reported on Nov, 28 by Barchart.com. We have $36.10 PT which if reached, will make NYSE:PPL worth $1.41B more.
Analysts await PPL Corp (NYSE:PPL) to report earnings on February, 2. They expect $0.50 earnings per share, up 16.28% or $0.07 from last year’s $0.43 per share. PPL’s profit will be $345.13M for 17.03 P/E if the $0.50 EPS becomes a reality. After $0.63 actual earnings per share reported by PPL Corp for the previous quarter, Wall Street now forecasts -20.63% negative EPS growth.
PPL Corp (NYSE:PPL) Ratings Coverage
Out of 10 analysts covering PPL Corporation (NYSE:PPL), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. PPL Corporation has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, February 8 by Evercore. The stock of PPL Corp (NYSE:PPL) has “Outperform” rating given on Wednesday, September 14 by Wolfe Research. The stock of PPL Corp (NYSE:PPL) has “Neutral” rating given on Tuesday, November 22 by Bank of America. The rating was downgraded by Guggenheim to “Neutral” on Wednesday, August 10. The firm has “Buy” rating by Deutsche Bank given on Friday, October 30. The stock of PPL Corp (NYSE:PPL) has “Hold” rating given on Wednesday, August 10 by Jefferies. UBS upgraded PPL Corp (NYSE:PPL) on Friday, September 18 to “Buy” rating. On Monday, June 27 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Argus Research maintained it with “Buy” rating and $40 target price in Thursday, December 31 report. The stock of PPL Corp (NYSE:PPL) has “Equalweight” rating given on Monday, July 18 by Barclays Capital.
According to Zacks Investment Research, “Headquartered in Allentown, Pa., PPL Corporation is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve 10 million customers in the U.S. and United Kingdom. The company and its 13,000 employees are dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.31, from 1.32 in 2016Q1. The ratio dived, as 38 funds sold all PPL Corp shares owned while 217 reduced positions. 66 funds bought stakes while 271 increased positions. They now own 459.35 million shares or 3.64% less from 476.71 million shares in 2016Q1.
Pensionfund Dsm Netherlands accumulated 0.53% or 105,000 shares. Springbok Cap Mgmt Lc has 0.04% invested in the company for 7,497 shares. Dynamic Solutions Llc holds 7,581 shares or 0.12% of its portfolio. Advisor Ltd Company reported 8,482 shares or 0.11% of all its holdings. Northcoast Asset Mngmt Limited Liability Corp has 0.11% invested in the company for 40,999 shares. Conning Incorporated has 19,601 shares for 0.03% of their US portfolio. Argi Investment Ser Limited Liability Company holds 0.19% or 51,687 shares in its portfolio. Strategic Global Ltd reported 15,010 shares or 0.21% of all its holdings. Tower Bridge Advsr holds 7,806 shares or 0% of its portfolio. Voya Investment Limited Liability Corporation last reported 534,315 shares in the company. Janney Capital Ltd Liability Co holds 7,667 shares or 0.02% of its portfolio. First Interstate State Bank has 1,962 shares for 0.02% of their US portfolio. State Of Tennessee Treasury Department holds 0.14% of its portfolio in PPL Corp (NYSE:PPL) for 748,965 shares. Thompson Davis &, a Virginia-based fund reported 1,415 shares. Thrivent Fin For Lutherans accumulated 22,220 shares or 0% of the stock.
More recent PPL Corp (NYSE:PPL) news were published by: Zacks.com which released: “PPL Corp Thrives on Diverse Asset Portfolio amp; Business Model” on November 22, 2016. Also Zacks.com published the news titled: “PPL Corp. (PPL) Beats On Q3 Earnings, Revenues Miss” on November 01, 2016. Zacks.com‘s news article titled: “Should You Sell PPL Corp. (PPL) Before Earnings?” with publication date: October 31, 2016 was also an interesting one.
PPL Company Profile
PPL Corporation (PPL), incorporated on March 15, 1994, is a utility holding company. Through its subsidiaries, PPL delivers electricity to clients in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to clients in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through three divisions: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment.
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